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70 Colton Avenue

70 Colton Avenue, Buffalo, NY 14218
Property in Lackawanna
Sold May 09, 2013
$37,000
$35,000 by Steven D Tomasic
Mortgage Due Jun 01, 2028
Sold Jan 24, 2006
$40,000
$36,000 by Wells Fargo Bank Na
Mortgage Due Feb 01, 2036
Local assessors in Buffalo, NY have categorized 70 Colton Avenue as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 3,232 square feet. The linear feet between the front and back of the lot was measured at 1,014 ft and the front of the lot was measured at 320 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 70 Colton Avenue has a total of 1,939 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has a covered porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 70 Colton Avenue sold most recently in Apr 26, 2013 for a total of $37,000. If you work out the math, that's approximately a cost of $19.08 per sqft. Before that, the property was also sold for $40,000 in Dec 14, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $0 in taxes each year. 70 Colton Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $82,000. If we break it down further, the land itself was valued at $5,900. Improvements to the property, however, were assessed at a total of $76,100. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 3,232
  • Lot Size Depth Feet: 1,014
  • Lot Size Frontage Feet: 320
  • Total Building Area: 1,939
  • Gross Building Area: 1,939
  • Building Area: 1,939
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,939
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BUFFALO CREEK RESERVATION
  • Land Acres: 0.074
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT 4 COLTON TRACT D4 23O X 32 X 101.37

Ownership

  • Current Owner : HOLDEN MICHAEL J
  • Previous Owner : NY2005 PROPERTIES LLC
  • Owner Before Previous Owner: GLADYSZ HENRY L
  • Owner Before Previous Owner 2: GLADYSZ GRAZYNA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lackawanna City School District
  • School Tax School District: LACKAWANNA
  • Census Tract: 012300

Zoning

  • Zoning: MR

Geography

  • Account Number: 4567
  • District: 140900
  • Section: 142.460
  • Parcel: 140900 142.46-5-19
  • Block: 5
  • Lot: 19.000
  • Municipality: LACKAWANNA
  • Latitude: 42.8238
  • Longitude: -78.8263

    Address

  • Full Address: 70 Colton Ave
  • Address - House Number: 70
  • Address - Street Name: Colton
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Buffalo
  • Carrier Code: C014
  • 4-Digit Zip Code: 1409
  • Zip Code: 14218

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 140900

    Appraisal Valuation

  • Standard Deviation: 0.2408
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 142,379
  • High Value: 176,671
  • Low Value: 108,087

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $35,000
  • First Open Lien Mortgage Lender: STEVEN D TOMASIC
  • First Open Lien Mortgage Recording Date: May 09, 2013
  • First Open Lien Mortgage Loan Amount: $35,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2028
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $103,800
  • Market Land Value: $7,469
  • Market Improvement Value: $96,331

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,000
  • Assessed Land Value: $5,900
  • Assessed Improvements Value: $76,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 26, 2013
  • Current Sale Recording Date: May 09, 2013
  • Current Sale Transaction ID: 1122519164
  • Current Sale Price: $37,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2013109553
  • Previous Sale Recording Date: Jan 24, 2006
  • Previous Sale Contract Date: Dec 14, 2005
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STEVEN D TOMASIC
  • First Mortgage Transaction Date: May 09, 2013
  • First Mortgage Loan Amount: $35,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jun 01, 2028

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jan 24, 2006
  • Previous Mortgage Loan Amount: $36,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Feb 01, 2036

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Frequently Asked Questions

What neighborhood is 70 Colton Avenue located in?
The 70 Colton Avenue is a located in the neighborhood of Lackawanna in Lackawanna, Buffalo.
What is the average sales price for listings in 70 Colton Avenue?
The average sales price for units in 70 Colton Avenue is $0 currently.

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